AUDUSD Rejected at 2013 Trend-line Resistance
Updated
AUDUSD was firmly rejected yesterday, following a false break above trend-line resistance dating back to April 2013. Pair traded to new highs on Thursday, before finishing the day decisively lower, printing a Shooting Star bearish reversal candle. Sellers will now look to push the pair lower to the .7535 - .7480 daily support zone. Breach of yesterday's high at .7733 invalidates.
Trade closed: target reached
Impressive follow through on this one Friday, we're neutral down here as hit the top of the target zone
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